Reserve Bank of India - Master CircularsANNEX 2 FAQs Issues and Clarifications with regard to Applicability of Section 20 of Banking Regulation Act, 1949 (Paragraph 2 1 2 1) Query Can a foreign bank sanction loan or advance to firms and companies in India when one of the Directors, whether a foreign or an Indian national, on the foreign bank's Board of Directors abroad has an interest in said firms or companies in India or are on